Join me at the Texas Venture Labs Venture Expo this Thursday, May 4 at the AT&T Executive Center on the UT Austin campus. Reserve your seat on our RSVP page or visit our Venture Expo website for more info.
Warren Buffett has been in the news lately, with his closely watched letter to Berkshire Hathaway shareholders and his famous 10 year wager about the performance of index funds versus actively managed funds about to come to fruition.
Successful entrepreneurship requires stepping outside your comfort zone – sometimes way outside it. It also tends to attract a lot of hype – I deal with startups and entrepreneurs constantly and sometimes I just want the hyperbole to end. On the flip side, every once in a while you run across that refreshing startup that is fixing a real problem, led by a charismatic but humble CEO, solving a meaningful market problem.
They made their movie debut in the 1979 hit Back to the Future, Velcro versions have long been a substitute, and now Nike has announced the first mainstream commercial production of self-lacing shoes, the HyperAdapt.
Austin is on a roll! This week US News and World Report named Austin, Texas the best place to live in America... Austin has always performed well on both fronts, but top honors for both in close succession shows puts substance behind the reputation.
If you want to know where commercialization is trending, the simple answer is to follow the money. That’s exactly what you can do with Glassdoor’s most recent ranking of the Best Jobs in America. It’s pretty clear that technology, and specifically software, tops the rankings.
Ford’s crown jewel is the F150 pickup, the best-selling vehicle in North America for more than 30 years, and best-selling truck for more than 40. Rather than resting on its laurels they made a significant commercialization bet moving their crown jewel to aluminum bodies back in the 2015 model year.
So how does age, education and experience impact the success of a company? The numbers have always favored experience over enthusiasm, as seasoned investors seldom back inexperienced teams – reinforced by my personal investment experience in 40+ early stage companies, where the best successes came from experienced teams with domain knowledge in their area of pursuit.
Amazon recently announced its first drone delivery to a customer in Cambridge, England, with a package delivered to the customer an impressive 13 minutes after ordering. Jeff Bezos, Amazon’s CEO originally announced the drone plan in a 60 Minutes interview on December 1, 2013...
Rob Adams, a serial investor and director of Texas Venture Labs at the McCombs School, said business transportation needs will outrun consumer use of automated vehicles. “There are bits and pieces that will be adopted very fast, like interstate trucking that goes through the night...”
Texas is one of the top incubators for startups and its cities are hotbeds of entrepreneurs... "There's a certain natural affinity to Texas for business people because it's viewed as a pro-business, low-tax, low government interference for business state," said Rob Adams...